Payments Banks: List of Banks in 2020

Payments banks is an Indian new model of banks conceptualized by the Reserve Bank of India (RBI). These banks can accept a restricted deposit, which is currently limited to ₹100,000 per customer and may be increased further.

Payments Banks

These banks cannot issue loans and credit cards. Both current account and savings accounts can be operated by such banks. Payments banks can issue ATM cards or debit cards and provide online or mobile banking. Bharti Airtel set up India's first live payments bank.


List of Payments Banks in India in 2020


Bank Name Established Headquarters Total Assets
Airtel Payments Bank 2017 New Delhi, Delhi
India Post Payments Bank 2018 New Delhi, Delhi
Jio Payments Bank 2018 Mumbai, Maharashtra
Fino Payments Bank 2017 Mumbai, Maharashtra
Paytm Payments Bank 2017 Noida, Uttar Pradesh
NSDL Payments Bank 2018 Mumbai, Maharashtra  


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